Great Farming, Grazing or Investment Property Starting with Excellent ROI

43.906545965106616,-98.74799454171169|43.892151291352135,-98.74793016869533|43.89212036456905,-98.72808182198513|43.89926402482882,-98.72814619500149|43.89927948636743,-98.73786652047146|43.90660780367259,-98.73803818184841
Price: $2,232,000
Acreage: 480
County: Aurora
State: South Dakota

Price Per Acre

$4,650.00 per acre

Property Description

Located in Aurora County is a great investment opportunity. This 480 +/- acre parcel has terrific pastures, a wind-stopping tree belt, tillable ground, rural water, and electricity. This makes this property a perfect addition to any existing farm or ranch or a fantastic place to start a new homestead. Additionally, the property has 39 years left on a contract for four wind towers with annual payments. The wind tower contract pays the owner every January. The payment in January 2023 will be $20,697.71. The contract increases by 2% each year. The final payment in January 2059 will be $42,220.99.

This parcel is in one piece, with the three quarters being the northwest, southwest, and southeast quarters of the section. There is an old homestead site in the middle of the two south quarters. This is where the tree belt, rural water, and electricity are located. There is a barn, silo, some older corrals, and a tire water tank with an automatic shutoff. There is a dam northwest of the homestead in the pasture that supplies additional water. The pastures are currently being grazed and the barbed wire fences are tight.

The average soil productivity index for the entire parcel is 56.9; however, there are 236 acres with an average of 72. The highest soil index is 87 for 45 acres. There are currently 122 acres that are tilled. This year there was wheat, alfalfa, and corn being grown.

The property’s west boundary is gravel road 372nd Avenue, the south boundary is gravel road 241st Street, and the east boundary is paved road Highway 11/373rd Avenue. The property is located 12 miles north of White Lake, 23 miles south of Wessington Springs, 23 miles from Gann Valley, and 14 miles to South Dakota Highway 45.

There are deer trails throughout the property, as well as signs of pheasants, doves, and ducks. The trees, cropland, creek running through the pasture, and the dam make this a great hunting area. All hunting and mineral rights are intact and come with the property. This parcel is being rented for 2022 and will be available for 2023.

This property is a prime location for a new home as there is already rural water and electricity on the property and is located in the White Lake School District, with K-12 available. If you are looking to add to your farming or grazing operation, for a place to build a homestead, or for land that will make a great return on investment of 2.7%, this is a fantastic opportunity! Give Jim a call today to talk details or set up a tour!

Property Features

  • 480 +/- acres
  • 14 miles from a state highway
  • 12 miles from White Lake
  • Four wind towers, next payment over $20,000 in January
  • Well-maintained
  • Currently 122.43 tillable acres
  • 55.47 more tillable acres available in the northwest quarter
  • Good fences
  • Abundance of wildlife
  • All mineral and hunting rights intact
  • Current property taxes: $4,953.42

Property Address

00000 373rd Avenue, White Lake, SD